Nobilis Health (HLTH) Lowered to Hold at Zacks Investment Research

Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Nobilis Health Corp. own and manage ambulatory and acute care facilities for healthcare services. In addition, it owns and manages ambulatory surgery centers, acute care hospital, imaging centers and urgent care clinic. The company operates primarily in Houston, Dallas and Scottsdale, Arizona. Nobilis Health Corp. is headquartered in Houston, Texas. “

Nobilis Health (HLTH) opened at $1.35 on Wednesday. The firm has a market cap of $105.04, a PE ratio of 11.25 and a beta of -0.82. Nobilis Health has a 12 month low of $1.10 and a 12 month high of $2.80.

Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) last announced its earnings results on Monday, November 6th. The healthcare company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The business had revenue of $64.70 million for the quarter, compared to the consensus estimate of $78.29 million. Nobilis Health’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of HLTH. Sii Investments Inc. WI acquired a new stake in shares of Nobilis Health during the second quarter worth about $113,000. OxFORD Asset Management LLP acquired a new stake in shares of Nobilis Health during the second quarter worth about $145,000. Synovus Financial Corp lifted its position in shares of Nobilis Health by 87.7% during the second quarter. Synovus Financial Corp now owns 91,514 shares of the healthcare company’s stock worth $177,000 after purchasing an additional 42,748 shares in the last quarter. Virtu KCG Holdings LLC lifted its position in shares of Nobilis Health by 130.2% during the second quarter. Virtu KCG Holdings LLC now owns 166,452 shares of the healthcare company’s stock worth $316,000 after purchasing an additional 94,154 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of Nobilis Health during the third quarter worth about $748,000.

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About Nobilis Health

Nobilis Health Corp. (Nobilis) owns and manages healthcare facilities in the States of Texas and Arizona, consisting primarily of ambulatory surgery centers (ASCs) and acute-care and surgical hospitals. The Company’s segments include Medical Services, Marketing Services and Corporate. The Medical Services segment owns and manages approximately nine healthcare facilities in Texas and Arizona; over four hospitals, and approximately five ambulatory surgery centers.

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